Ann: Second Batch of Assay Results Received, page-2

 Further high-grade massive sulphides intersected at Maibele North Project
 High-Grade Nickel sulphide mineralisation intersected up to 400m along strike from existing resource Botswana Metals Limited (“BML”) is pleased to advise that the it has received a second batch of assay results from Joint Venture partners,
BCL Limited, for the ~12,000m drilling campaign completed in 2015 at Maibele North.
BML recently received results from further 26 completed infill and extension holes from assays that were undertaken – Significant Inter sectionsat an offsite independent laboratory as well as from onsite analysis at BCL’s in-house laboratory facilities at both the Tati-Ni and Selibi Phikwe Ni-Cu mines.
Results from the final 5 holes are all that remain to complete the analysis of the program.
Highlights of the second batch of assay results include:

MARD0122:  4.0m @ 1.80% Ni, 0.59% Cu, 882 ppm Co, 0.08g/t Au, 1.51g/t 4PGEs from 134.23m
Including o 1.59m @ 2.17% Ni, 0.74% Cu, 1,054ppm Co, 0.06g/t Au, 2.07g/t 4PGEs from 134.23m
o 1.23m @ 2.21% Ni, 0.4% Cu, 1,040ppm Co, 0.04g/t Au, 1.64g/t 4PGEs from 137m

MARD0129:  2.18m @ 1.55% Ni, 1.28% Cu, 917 ppm Co from 200.27m
Including o 1.03m @ 2.17% Ni, 2.22% Cu, 1,300ppm Co from 200.27m o 0.40m @ 1.7% Ni, 0.38% Cu, 900ppm Co from 202.05m (note: Assays performed at BCL Limited in-house laboratory - Au and PGEs not assayed for)

MARD0127:  0.59m @ 2.35% Ni, 0.56% Cu, 1130 ppm Co, 0.12g/t Au, 1.05g/t 4PGEs from 73.46m

MARC0099:  1.0m @ 2.27% Ni, 2.02% Cu from 240m
(Note: Assays performed at BCL Limited in-house laboratory - Co, Au and PGEs not assayed for. MARC0099 is a RC hole)

MARD0146:  0.14m @ 2.13% Ni, 0.15% Cu from 252.58m
 0.72m @ 1.17% Ni, 0.54% Cu from 254.80m

(Note: Assays performed at BCL Limited in-house laboratory - Co, Au and PGEs not assayed for)
All widths are down hole thicknesses. A full compilation of significant intersections is included in Table 1 below.
Samples assayed at BCL’s in-house facilities were analysed mostly at the laboratory at the Selebi Phikwe Ni-Cu mine, with checks undertaken at the company’s Phoenix Laboratory at the Tati Ni Mine.

The Phoenix laboratory at Tati-Ni is SANAS accredited to the ISO 17025 international standard.
The laboratory at the Selebi Phiwke NiCu mine is currently un-certified.
Identical QAQC protocols were appled to samples for all three laboratories and QAQC results were deemed to be acceptable for all sample batches.
Details The Board of Botswana Metals is highly encouraged by the continuing good results from the Maibele North Project.
This batch of results has continued to return encouraging Ni, Cu, Co, Au and 4PGEs (Pt, Pd, Rh, Ru) from sulphide zones both within the existing resource and along strike for over 400m to the east of the current resource.
The results now complete assaying on holes from MARC0099 through to MADD0148.
Results from the final four holes, MADD0149 to MADD0152 remain outstanding.
The program was designed to provide infill detail within the existing resource to enable a new resource calculation to an indicated or measured status, as well as to test new conductors detected along strike and adjacent to the orebody that were detected in ground electro-magnetic (EM) prograns undertaken in 2015.
The infill drilling has confirmed the extent of the existing mineralisation and, where signifcant sulphide zones have been encountered, metal contents of a similar tenor to that revealed by the 2014 drilling have been encountered.
The density of drilling data will enable an upgraded resource status and form an integral component of the ongoing Pre-feasibility studies. The drilling of SQUID EM conductors along strike to the east of the resource has returned laterally continuous mineralisation for over 480m. Drilling of this extension is in the early stage but the series of 80m spaced fences of have intersected sulphide mineralisation that remains open at depth and along strike. This exciting new zone of mineralisation has the potential to add significant tonnes to the Maibele North resource.
Further deep potential exists at Maibele North, with the mineralisation open at depth across the entire deposit.